Gibraltar Economic Statistics and Indicators

17, Aug 2019, EDT. Welcome to the Gibraltar economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Gibraltar › Change country
National or Regional Currency: Gilbraltar Pound, GIP
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 29,185 (July 2014 est.)
Area: total: 6.5 sq km ; land: 6.5 sq km ; water: 0 sq km
Natural Resources: none
Capital: name: Gibraltar ; geographic coordinates: 36 08 N, 5 21 W ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Self-sufficient Gibraltar benefits from an extensive shipping trade, offshore banking, and its position as an international conference center. Tax rates are low to attract foreign investment. The British military presence has been sharply reduced and now contributes about 7% to the local economy, compared with 60% in 1984. The financial sector, tourism (over 11 million visitors in 2012), gaming revenues, shipping services fees, and duties on consumer goods also generate revenue. The financial sector, tourism, and the shipping sector contribute 30%, 30%, and 25%, respectively, of GDP. Telecommunications, e-commerce, and e-gaming account for the remaining 15%. In recent years, Gibraltar has seen major structural change from a public to a private sector economy, but changes in government spending still have a major impact on the level of employment.
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